Charting Why They'll Cut Again Tomorrow: UK Industrial Production

11/05/08 11:33AM EST
The winner of this morning's worst economic report goes once again to our British friends. Industrial Production growth for the month of September showed another y/y decline of -2.2% (see chart). While this is 10 basis points better than august, it remains bad... bad enough for the Bank of England to start cutting interest rates more aggressively.

KM
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